CarMax, Inc. (NYSE:KMX) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its stake in CarMax, Inc. (NYSE:KMX) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,097 shares of the company’s stock after selling 2,843 shares during the period. Public Employees Retirement System of Ohio’s holdings in CarMax were worth $4,418,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in KMX. Quarry LP grew its position in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after acquiring an additional 184 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in CarMax in the third quarter valued at approximately $32,000. True Wealth Design LLC increased its position in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares in the last quarter. Blue Trust Inc. raised its stake in shares of CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after buying an additional 287 shares during the period. Finally, Studio Investment Management LLC lifted its position in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after buying an additional 334 shares in the last quarter.

CarMax Stock Down 0.6 %

NYSE KMX opened at $86.26 on Friday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $88.22. The business’s fifty day simple moving average is $77.81 and its 200-day simple moving average is $77.20. The firm has a market cap of $13.36 billion, a PE ratio of 32.43, a P/E/G ratio of 1.76 and a beta of 1.71.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, equities analysts anticipate that CarMax, Inc. will post 3.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KMX. BNP Paribas raised shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. JPMorgan Chase & Co. upped their price target on shares of CarMax from $65.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Truist Financial lifted their price objective on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Wedbush reissued an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $81.00.

CarMax Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.